Crude prices hit year low and OK energy stocks fell

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Not since Russia’s invasion of Ukraine has the price of oil fallen so low following Wednesday’s trading. Prices hit their lowest mark of the year and the day also produced losses for most Oklahoma energy stocks.

West Texas Intermediate crude for January delivery dropped $2.24 a barrel or 3% to settle at $72.01 on the New York Mercantile Exchange.

Global benchmark Brent crude for delivery in February fell $2.18 or more than 2.5% and closed at $77.17 a barrel on ICE Futures Europe.

January natural gas rose 5% or 25 cents to $5.72 per 1,000 cubic feet.

Most Oklahoma energy stocks saw losses in Wednesday’s trading with the 5% drop for Laredo Petroleum the most of them. A 4% was recorded by Empire Petroleum.
Alliance Resource Partners, L.P.
21.74 USD+0.13 (0.60%)
Chesapeake Energy Ord Shs
95.87 USD+2.15 (2.29%)
Coterra Energy Inc
25.48 USD−0.32 (1.24%)
Devon Energy Corp
64.25 USD+0.11 (0.17%)
Empire Petroleum Corp
11.66 USD−0.43 (3.56%)
Gulfport Energy Corp
70.65 USD−0.040 (0.057%)
Helmerich & Payne, Inc.
45.57 USD−1.44 (3.06%)
LSB Industries Inc
14.39 USD−0.28 (1.91%)
Laredo Petroleum Inc
52.38 USD−2.77 (5.02%)
Magellan Midstream Partners LP
50.34 USD−0.56 (1.10%)
Mammoth Energy Services Inc
5.65 USD+0.15 (2.73%)
Matrix Service Co
5.71 USD+0.060 (1.06%)
NGL Energy Partners LP
1.17 USD+0.020 (1.74%)
OGE Energy Corp.
39.49 USD−0.41 (1.03%)
ONE Gas Inc
76.20 USD−0.11 (0.14%)
ONEOK, Inc.
63.85 USD+0.25 (0.39%)
Ovintiv Inc
50.00 USD−0.60 (1.19%)
PHX Minerals Inc
3.40 USD−0.080 (2.30%)
SandRidge Energy Inc
17.73 USD−0.54 (2.96%)
Unit Corp
55.30 USD−1.95 (3.41%)
Williams Companies Inc
33.79 USD+0.32 (0.96%)
Oil Price Drops to Seven-month Low on China Lockdown, Recession Fears -  Arise News
Most other energy stocks also suffered losses according to the Texas Energy Report.

Apache (APA) down 0.21 at 43.66 – change 0.48%

Cheniere (LNG) up 4.65 at 168.38 – change 2.84%

Chevron (CVX) up 0.51 at 172.52 – change 0.29%

ConocoPhillips (COP) down 0.73 at 114.88 – change 0.64%

Diamondback Energy (FANG) down 1.65 at 136.56 – change 1.20%

Energy Transfer LP (ET) down 0.03 at 11.91 – change 0.26%

Enterprise Products Partners (EPD) down 0.36 at 23.86 – change 1.49%

EOG Resources (EOG) down 1.63 at 126.16 – change 1.28%

ExxonMobil (XOM) down 0.23 at 103.65 – change 0.23%

Kinder Morgan (KMI) down 0.06 at 18.04 – change 0.34%

Marathon Oil Corp. (MRO) down 0.04 at 27.41 – change 0.15%

National Oilwell Varco (NOV) down 0.65 at 20.32 – change 3.10%

Occidental Petroleum (OXY) down 0.19 at 63.95 – change 0.30%

Phillips 66 (PSX) down 0.08 at 103.01 – change 0.07%

Pioneer Natural Resources (PXD) up 3.24 at 229.38 – change 1.43%

Tellurian Inc. (TELL) down 0.06 at 2.21 – change 2.65%

Valero (VLO) up 1.33 at 120.19 – change 1.11%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.30 at 96.67 – change 0.31%

CenterPoint (CNP) down 0.43 at 30.39 – change 1.40%

Entergy (ETR) down 1.08 at 116.00 – change 0.93%